Economy News

Economy

Switzerland's Trade Surplus Soars to 13.7B Swiss Francs in Q1 2025, Exports and Imports See Significant Growth

Switzerland's trade surplus reaches 13.7 billion Swiss francs in Q1 2025, with exports growing by 3.6% and imports by 5.9%, highlighting the country's robust economic performance.

Economy

Japan's Trade Surplus Soars to ¥544 Billion in March, Marking a 55.5% Year-on-Year Increase

Japan's merchandise trade surplus surged to ¥544.1 billion in March, a 55.5% increase from the previous year, with exports and imports both showing steady growth.

Economy

Jerome Powell Highlights AI as a Transformative Force in the Global Economy Over Next 20 Years

Federal Reserve Chair Jerome Powell discusses AI's potential to dramatically change the global economy in the next 20 years, balancing innovation with employment concerns and the n...

Economy

Jerome Powell Assures Markets Remain Functional Amid Trump Tariff Policy Volatility

Federal Reserve Chair Jerome Powell confirms markets are functioning despite volatility from Trump's tariff policies, warns of potential investment deterrents, and discusses US fed...

Economy

Global Economic Downturn Spurs Fitch to Predict Aggressive ECB and Emerging Markets Rate Cuts

Fitch Ratings forecasts deeper interest rate cuts by the ECB and emerging markets due to worsening global economic conditions and escalating trade wars, revising the 2025 world gro...

Economy

Federal Reserve Chair Warns: Long-term Inflationary Risks from Tariffs Could Surpass Expectations

Federal Reserve Chair Jerome Powell warns that the inflationary impact of tariffs could last longer than expected, highlighting the need for careful policy consideration and analys...

Economy

Fed Chair Powell Warns: Trump Tariffs Could Derail 2025 Economic Goals Amid Inflation Fears

Fed Chair Jerome Powell warns that Trump's tariffs could disrupt the Fed's 2025 goals, citing risks of higher inflation, supply chain issues, and unemployment. The Fed may face dif...

Economy

Fed Chair Powell Warns: Trump's Tariffs May Fuel Longer-Than-Expected Inflation Surge

Federal Reserve Chair Jerome Powell warns that Trump's tariffs could lead to a more persistent inflationary impact than expected, emphasizing the need for careful monitoring and an...